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Disclaimer
The information contained in this presentation has been prepared by Tawana Resources Ltd (TAW). This presentation is not an offer,invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in TAW. Thispresentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile
statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosuredocuments under Chapter 6D of the Corporations Act.
This presentation may contain certain forward looking statements and projections regarding estimated, resources and reserves; plannedproduction and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forwardlooking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees offuture performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control ofTawana Resources NL. The forward looking statements/projections are inherently uncertain and may therefore differ materially fromresults ultimately achieved.
Tawana Resources NL does not make any representations and provides no warranties concerning the accuracy of the projections, anddisclaims any obligation to update or revise any forward looking statements/projects based on new information, future events orotherwise except to the extent required by applicable laws. While the information contained in this presentation has been prepared ingood faith, neither TAW or any of its directors, officers, agents, employees or advisors give any representation or warranty, express orimplied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in thispresentation. Accordingly, to the maximum extent permitted by law, none of TAW, its directors, employees or agents, advisers, nor anyother person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, inrespect of, the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors,
omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled byLennard Kolff van Oosterwijk, who is a Member of the Australian Institute of Geoscientists included in a list promulgated by the ASXfrom time to time. Lennard Kolff van Oosterwijk is a full-time employee of the company and has sufficient experience which is relevantto the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as aCompetent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources andOre Reserves. Lennard Kolff van Oosterwijk consents to the inclusion in the report of the matters based on his information in the formand context in which it appears.
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Company Highlights
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Targeting multi Moz gold systems and other minerals in West Africa
Strategic Alliance with major shareholder Gryphon Minerals
Valuable South African asset base including 6.76% share of significantmanganese and iron ore projects
West African experienced board & management
2,000 km2 of highly prospective Archean and Birimian geology in Liberia
Applications pending approval for additional highly prospective ground
Certain permits along strike or adjacent to major gold discoveries; 5 MozIty, 1.5 Moz New Liberty and 0.8 Moz Dugbe
Aggressive exploration program underway; high priority targets defined
Non-core project rationalisation underway and expected to generateshareholder returns
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Valuable South African Asset Base
6.76% equity interest in manganese and iron ore JV with Aquila Resources
Broker valuations of Avontuur alone potentially underpins Tawana marketcapitalisation
Enormous leverage into Gryphon Alliance, management and West Africa
Project Resource Grade Source
Avontuur Mn 108.9 Mt 38.6% Mn AQA Feb 2011
Meletse Fe 47.6 Mt 62.9% Fe AQA May 2010
Broker Avontuur
Macquarie $680 million
Southern Cross $590 million
CBA $252 million
TAW Motjoli
Rakana Aquila
TJV
26% 74%
26% 74%
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Corporate Overview
Major Shareholders %
Gryphon Minerals Ltd 13%
Merriwee Pty Ltd 6%
Deck Chair Holdings 5%
Top 20 shareholders 63%
Directors Shareholding 9%
Capital Structure ASX & JSE: TAW
Shares on issue 857m
Market Cap @ 5 cents $43m
Options (1-35 cents, Nov11-Sep14) 180m
Cash $4.5m
Debt Nil
Share Price Performance LTM
5
0
5
10
15
20
25
30
35
40
0
0.01
0.02
0.03
0.04
0.05
0.06
Volume(millions)
Au$
TAW Aug 10 Aug 11
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Board and Management
Warwick Grigor
Non-Executive Chairman
Executive Chairman andHead of Research atBGF Equities Pty Ltd
Julian Babarczy
Non-Executive Director
Fund Manager -NaturalResources Specialist
Extensive experience inall facets of finance
Euan Luff
Non-Executive Director
Legal Senior Partner
Experienced companydirector
Matthew Bowles
Non-Executive Director
Corporate finance and M&Aexpertise in mining sector
Chief Development OfficerGryphon Minerals Limited
Len Kolff
Chief Executive Officer
Geologist
15yrs+ exploration/resource evaluationexperience in Africa & Australia with RT
Integral in +2Bt Simandou Fe discovery
Discovered Cu-Au deposit at Northparkes
French/Spanish/Dutch speaker
Joe Collins
Consultant Geologist-SEMS
Liberian national
15yrs+ extensive Au exploration experiencein West Africa
Newmont Mining Corporation, BRGM
Accra/Monrovia based
French, Japanese speaker
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Rockson Coffie
Senior Geologist
Ghanaian national
10yrs+ extensive Au exploration experiencein West Africa
5yrs in Liberia; Birimian-Archean settings
Ashanti Goldfields, Redback Mining
FIFO Ghana
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Strategic Alliance announced Dec 2010
-GRY a major shareholder (13%)
- GRY to assist TAW with the identification, assessment and acquisitionof West African mineral permits
- GRY to assist in exploration, operational and logistical activities
-Alliance to target gold, base metals and other minerals throughoutWest Africa
Initial move into Liberia with 2 tenements granted
Additional opportunities continue to be reviewed throughout West Africa
Strategic Alliance with Gryphon Minerals
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Liberia: A Country Overview
Eight years of political stability and economicreform after 15yrs civil unrest
Democratically elected President EllenJohnson-Sirleaf; first female African head ofstate
Modern Mining code
Pro-active Mining Govt encouraging mininginvestment
English speaking
Majors are active - BHPB, ArcelorMittal andSeverstral established in country
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Why Liberia?
Liberia is underexplored
yet highly prospective- 1.5 Moz New Liberty
- 0.8 Moz Dugbe F
Highly prospective
Archean and Birimiangeology
Archean greenstones wellknown to host large high-grade Au deposits
- +19 Moz Tasiast
- 14 Moz Geita
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Liberian Portfolio
Two licences grantedfor 1,591 km2
One licence under JVfor 400 km2
Additional licencespending approval
Adjacent to and alongstrike from knowndeposits
Targeting multi Moz
gold systems
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Nimba Licence
Granted Feb 2011
995 km2
Archean/Birimiangreenstone and BIFs
Adjacent to 5 Moz Ity
gold mine Favourable structural,
lithological andgeophysical targets
Extensive artisanalactivity confirmed
Regional streamsediment samplingcompleted; awaiting
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Ity 5 Moz
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Lofa Licence
Granted Feb 2011
596 km2
Archean greenstoneand BIFs
Along strike from 1.5
Moz New Liberty Major crustal scale
structures
Artisanal activityconfirmed
Regional streamsediment samplingcompleted; awaitingresults
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New
Liberty
1.5 Moz
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Sinoe Licence
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Dugbe
0.8 Moz
400 km2 of highlyprospective Birimiangeology
20 km along strikefrom 0.8 Moz Dugbe
40 km along strike
from Bukon Jedehproject
Extensive artisanalworkings; no modernday exploration
Soil sampling andmapping nowunderway
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West African Growth Strategy
TAW & GRY actively seekingand reviewing potential
growth opportunities inWest Africa
Alliance expected togenerate further licences innew countries in the nearterm
Targeting gold and othermineral opportunities
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The next 12 months
Liberia
Exploration Phase 1 Completed
Assays & Reporting Oct 2011
Exploration Phase 2 Q3-4 2011
Drilling Priority Targets pending results Q1 2012
Secure tenure Ongoing
South Africa
Completion of Avontuur Feasibility Study Report Q4 2011
Portfolio rationalisation Ongoing
West Africa & Strategic Alliance
Project generation Ongoing
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Company Highlights
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Targeting multi Moz gold systems and other minerals in West Africa
Strategic Alliance with major shareholder Gryphon Minerals Valuable South African asset base including 6.76% share of significant
manganese and iron ore projects
West African experienced board & management
2,000 km2 of highly prospective Archean and Birimian geology in Liberia
Applications pending approval for additional highly prospective ground
Certain permits along strike or adjacent to major gold discoveries; 5 MozIty, 1.5 Moz New Liberty and 0.8 Moz Dugbe
Aggressive exploration program underway; high priority targets defined
Non-core project rationalisation underway and expected to generateshareholder returns
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Suite 25, 145 Stirling Highway, Nedlands, Western AustraliaP.O. Box 3144 Broadway Nedlands WA 6009Phone: (08) 9389 3140 Fax: (08) 9389 3199
www.tawana.com.au
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